Major privatisation in East Asia 
In South Korea, the government-owned stakeholders have launched a process to privatise HMM, the nation’s major shipping line since the bankruptcy of Hanjin Shipping in 2016. The sellers are the state-owned Korea Development Bank (KDB) and the Korea Ocean Business Corporation... more
Yang Ming posts historic profit
The Yang Ming Marine Transport Corporation delivered a strong performance in 2022, driven by strong demand and high average freight rates in the container shipping market. During the 382nd board meeting, held on 9 March, the Taiwanese company announced new record revenues of NTD... more
New Avianca GSSA in Central Europe
ATC Aviation Services has been appointed as the exclusive GSSA for Avianca Cargo in Germany and Switzerland. The partnership will strengthen the South American carrier’s presence in Central Europe and enhance its sales and services. With a fleet of modern aircraft and a... more
First board member based outside the USA
The Boeing Company’s board of directors has nominated Sabrina Soussan to be elected as a new director at the company’s upcoming AGM. Soussan currently serves as chair and CEO of Suez, a Paris-based global utility company specialising in water and waste management with a focus... more
Single-line railway to link USA, Mexico, Canada
The US Surface Transportation Board (STB) has approved, under certain conditions, the merger of Canadian Pacific (CP) and Kansas City Southern (KCS) to Canadian Pacific Kansas City (CPKC). CPKC will be the first single-line railway connecting the USA, Mexico and Canada. The... more
Multi-user facility to open in Shanghai
Geodis has signed a ten-year lease agreement with the PRD Group for a 20,000 sqm multi-user facility in Minhang district, Shanghai (China). The facility is set to bolster the company's contract logistics capabilities for retail partners and to support the e-commerce industry... more
Greater visibility for Menzies thanks to Wipro
Wipro Limited, a technology services consultancy, has been chosen by Menzies Aviation, the world’s largest aviation services firm, to transform its air cargo management services. Wipro’s cargo handling options will provide greater visibility of cargo location to both Menzies... more
Avia Solutions Group now based in Ireland
The Avia Solutions Group is now based in Ireland. Following the transfer of its controlling headquarters to Dublin the group also became the second-largest Irish-registered aviation business, behind Ryanair. Avia CEO Jonas Janukenas explained that “Ireland is known as a... more
Broad-gauge network fully electrified
Indian Railways is working in mission mode to become the largest green railway in the world and is moving towards becoming a net-zero carbon emitter before 2030. Its affiliate, Central Railways, has achieved 100% railway electrification on all of its 3,825 km of broad-gauge... more
Technology sorts, picks and puts away
Maersk is investing in tests of new technologies that offer upgraded warehouse services. The company is now evaluating technology from Bionic Hive, from Mira Loma CA (USA). The technology can climb existing warehouse racking to sort, pick and replenish cartons directly in any... more